Devon Energy (NYSE:DVN) Coverage Initiated by Analysts at William Blair

William Blair initiated coverage on shares of Devon Energy (NYSE:DVN) in a report published on Monday morning, Marketbeat.com reports. The brokerage issued an outperform rating on the energy company’s stock. William Blair also issued estimates for Devon Energy’s Q3 2025 earnings at $0.82 EPS, Q4 2025 earnings at $0.82 EPS, FY2025 earnings at $3.69 EPS, FY2026 earnings at $4.19 EPS, FY2027 earnings at $5.64 EPS, FY2028 earnings at $6.40 EPS and FY2029 earnings at $6.41 EPS.

Several other equities analysts also recently issued reports on the stock. The Goldman Sachs Group upped their price objective on shares of Devon Energy from $38.00 to $43.00 and gave the company a “buy” rating in a report on Thursday, May 15th. Jefferies Financial Group upped their price objective on shares of Devon Energy from $31.00 to $33.00 and gave the company a “hold” rating in a report on Monday, July 14th. Siebert Williams Shank upped their price objective on shares of Devon Energy from $47.00 to $52.00 and gave the company a “buy” rating in a report on Monday, June 23rd. Raymond James Financial restated an “outperform” rating and set a $45.00 price objective (up previously from $40.00) on shares of Devon Energy in a report on Tuesday, July 22nd. Finally, Barclays upped their price objective on shares of Devon Energy from $40.00 to $42.00 and gave the company an “equal weight” rating in a report on Wednesday, August 6th. Sixteen research analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Devon Energy currently has an average rating of “Moderate Buy” and an average price target of $44.15.

Devon Energy Stock Performance

DVN stock opened at $35.52 on Monday. The firm has a market cap of $22.55 billion, a price-to-earnings ratio of 7.96, a PEG ratio of 2.03 and a beta of 1.07. The firm has a 50-day simple moving average of $33.31 and a two-hundred day simple moving average of $33.18. Devon Energy has a one year low of $25.89 and a one year high of $45.34. The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.13 and a current ratio of 1.22.

Devon Energy (NYSE:DVN) last released its quarterly earnings results on Tuesday, August 5th. The energy company reported $0.84 EPS for the quarter, beating the consensus estimate of $0.83 by $0.01. The business had revenue of $4.28 billion during the quarter, compared to analyst estimates of $4.01 billion. Devon Energy had a net margin of 16.57% and a return on equity of 18.59%. The company’s quarterly revenue was up 9.4% on a year-over-year basis. During the same period in the prior year, the firm posted $1.41 earnings per share. On average, equities analysts forecast that Devon Energy will post 4.85 EPS for the current fiscal year.

Devon Energy Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Monday, September 15th will be given a $0.24 dividend. The ex-dividend date is Monday, September 15th. This represents a $0.96 dividend on an annualized basis and a yield of 2.7%. Devon Energy’s dividend payout ratio is currently 21.52%.

Insiders Place Their Bets

In other Devon Energy news, Director Kelt Kindick sold 7,685 shares of the stock in a transaction dated Monday, August 11th. The stock was sold at an average price of $33.46, for a total transaction of $257,140.10. Following the sale, the director directly owned 31,801 shares of the company’s stock, valued at approximately $1,064,061.46. This trade represents a 19.46% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.71% of the company’s stock.

Institutional Investors Weigh In On Devon Energy

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. MASTERINVEST Kapitalanlage GmbH acquired a new stake in Devon Energy during the 2nd quarter worth about $830,000. TT Capital Management LLC acquired a new position in Devon Energy in the second quarter valued at approximately $1,024,000. B. Riley Wealth Advisors Inc. acquired a new position in Devon Energy in the second quarter valued at approximately $693,000. Marex Group plc acquired a new position in Devon Energy in the second quarter valued at approximately $419,000. Finally, Advisory Services Network LLC lifted its holdings in Devon Energy by 21.7% in the second quarter. Advisory Services Network LLC now owns 60,609 shares of the energy company’s stock valued at $2,013,000 after acquiring an additional 10,808 shares during the period. 69.72% of the stock is owned by institutional investors and hedge funds.

Devon Energy Company Profile

Devon Energy Corporation, an independent energy company, engages in the exploration, development, and production of oil, natural gas, and natural gas liquids in the United States. It operates in Delaware, Eagle Ford, Anadarko, Williston, and Powder River Basins. The company was founded in 1971 and is headquartered in Oklahoma City, Oklahoma.